Apollo to Provide €1 Billion Capital Solution to Vonovia in Third Transaction
Apollo (NYSE: APO) has announced a new agreement to provide approximately €1 billion to acquire a minority stake in one of Vonovia's affiliates. This marks the third transaction between Apollo and Vonovia, following two previous €1 billion deals in 2023 related to Vonovia's real estate portfolios in Southwest and Northern Germany. The total arranged commitments from Apollo affiliates and funds to Vonovia entities now reach €3 billion.
This transaction is part of Apollo's High Grade Capital Solutions strategy, which has originated nearly $100 billion of bespoke capital solutions for leading companies since 2020. Apollo emphasizes its ability to provide scaled solutions to large corporations and retirement services companies, leveraging its structuring, investment, and syndication capabilities.
Apollo (NYSE: APO) ha annunciato un nuovo accordo per fornire circa 1 miliardo di euro per acquisire una partecipazione minoritaria in una delle affiliate di Vonovia. Questo segna la terza transazione tra Apollo e Vonovia, dopo due precedenti operazioni da 1 miliardo di euro nel 2023 relative ai portafogli immobiliari di Vonovia nel sud-ovest e nel nord della Germania. Gli impegni totali organizzati da affiliate e fondi di Apollo verso entità Vonovia ora ammontano a 3 miliardi di euro.
Questa transazione fa parte della strategia di Apollo denominata High Grade Capital Solutions, che ha originato quasi 100 miliardi di dollari di soluzioni di capitale su misura per aziende di punta dal 2020. Apollo sottolinea la sua capacità di fornire soluzioni scalabili a grandi corporazioni e aziende di servizi per pensionati, sfruttando le proprie capacità di strutturazione, investimento e sindacazione.
Apollo (NYSE: APO) ha anunciado un nuevo acuerdo para proporcionar aproximadamente 1 mil millones de euros para adquirir una participación minoritaria en una de las afiliadas de Vonovia. Esto marca la tercera transacción entre Apollo y Vonovia, tras dos acuerdos previos de 1 mil millones de euros en 2023 relacionados con las carteras inmobiliarias de Vonovia en el suroeste y el norte de Alemania. Los compromisos totales organizados de afiliados y fondos de Apollo hacia entidades de Vonovia ahora alcanzan 3 mil millones de euros.
Esta transacción es parte de la estrategia de Apollo llamada High Grade Capital Solutions, que ha originado casi 100 mil millones de dólares en soluciones de capital a medida para empresas líderes desde 2020. Apollo enfatiza su capacidad para proporcionar soluciones escalables a grandes corporaciones y empresas de servicios de jubilación, aprovechando sus capacidades de estructuración, inversión y sindicación.
Apollo(NYSE: APO)는 Vonovia의 한 자회사에 소수 지분을 인수하기 위해 약 10억 유로를 제공하는 새로운 계약을 발표했습니다. 이는 Apollo와 Vonovia 간의 세 번째 거래로, 2023년에 진행된 두 건의 10억 유로 규모의 거래에 이어 Vonovia의 독일 남서부 및 북부 부동산 포트폴리오와 관련이 있습니다. Apollo의 제휴사 및 자금에서 Vonovia의 엔티티로의 총 약정 금액은 이제 30억 유로에 달합니다.
이번 거래는 Apollo의 High Grade Capital Solutions 전략의 일환으로, 2020년 이후 선도 기업을 위해 맞춤형 자본 솔루션을 거의 1천억 달러 규모로 창출했습니다. Apollo는 대기업 및 퇴직 서비스 회사에 대규모 솔루션을 제공할 수 있는 능력을 강조하며, 구조화, 투자 및 연합 능력을 활용하고 있습니다.
Apollo (NYSE: APO) a annoncé un nouvel accord pour fournir environ 1 milliard d’euros afin d’acquérir une participation minoritaire dans l’une des filiales de Vonovia. Cela marque la troisième transaction entre Apollo et Vonovia, après deux précédents accords de 1 milliard d’euros en 2023 relatifs aux portefeuilles immobiliers de Vonovia dans le sud-ouest et le nord de l’Allemagne. Les engagements totaux organisés par les affiliés et fonds d’Apollo envers les entités Vonovia atteignent désormais 3 milliards d’euros.
Cette transaction fait partie de la stratégie d'Apollo appelée High Grade Capital Solutions, qui a généré près de 100 milliards de dollars de solutions de capital sur mesure pour des entreprises leaders depuis 2020. Apollo met en avant sa capacité à fournir des solutions à grande échelle aux grandes entreprises et aux sociétés de services de retraite, en s'appuyant sur ses compétences en structuration, investissement et syndication.
Apollo (NYSE: APO) hat eine neue Vereinbarung angekündigt, um etwa 1 Milliarde Euro für den Erwerb einer Minderheitsbeteiligung an einem der Tochterunternehmen von Vonovia bereitzustellen. Dies stellt die dritte Transaktion zwischen Apollo und Vonovia dar, nach zwei vorherigen Geschäften über jeweils 1 Milliarde Euro im Jahr 2023, die sich auf die Immobilienportfolios von Vonovia im Südwesten und Norden Deutschlands beziehen. Die insgesamt von Apollo genannten Verpflichtungen an Vonovia-Entitäten belaufen sich nun auf 3 Milliarden Euro.
Diese Transaktion ist Teil der High Grade Capital Solutions-Strategie von Apollo, die seit 2020 nahezu 100 Milliarden Dollar an maßgeschneiderten Kapitallösungen für führende Unternehmen originierte. Apollo hebt seine Fähigkeit hervor, skalierbare Lösungen für große Unternehmen und Altersvorsorgegesellschaften anzubieten, indem es seine Strukturierungs-, Investitions- und Syndizierungsfähigkeiten nutzt.
- Apollo secures a €1 billion deal with Vonovia, expanding their partnership
- Total arranged commitments to Vonovia entities reach €3 billion
- Apollo's High Grade Capital Solutions strategy has originated nearly $100 billion since 2020
- Demonstrates Apollo's ability to provide large-scale, bespoke capital solutions to major corporations
- None.
Insights
Apollo's latest
For investors, this deal highlights Apollo's ability to deploy capital effectively in the real estate sector, particularly in the German market. It demonstrates the firm's capacity to structure complex deals and maintain long-term relationships with blue-chip clients. This could potentially lead to steady income streams and enhanced returns for Apollo, positively impacting its financial performance.
The recurring nature of these transactions with Vonovia suggests a strong, strategic partnership that could yield further opportunities. Investors should monitor how this impacts Apollo's assets under management and fee-related earnings in upcoming quarters.
This transaction underscores the ongoing consolidation and capital restructuring in the German residential real estate market. Vonovia, as Germany's largest residential real estate company, is leveraging Apollo's financial expertise to optimize its portfolio and capital structure. The deal likely involves a sale of minority stakes in specific property portfolios, allowing Vonovia to unlock value while maintaining operational control.
For the broader real estate market, this trend of large-scale capital solutions could signal a shift in how major property companies manage their assets. It may lead to increased liquidity in the market and potentially more efficient capital allocation. Investors should watch for similar deals in the sector, as they could indicate changing dynamics in property ownership and management structures.
The repeated transactions between Apollo and Vonovia also highlight the attractiveness of German residential real estate to institutional investors, despite recent market challenges. This could have implications for property valuations and rental markets in Germany.
NEW YORK, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that it has entered into an agreement for Apollo affiliates and other long term investors to provide c.
Apollo Partner Jamshid Ehsani said, “Apollo is very pleased to further expand our partnership with Vonovia and assist Germany’s largest residential real estate company in reaching its strategic objectives. It is yet another example of Apollo’s ability to commit its capital resources and provide bespoke, scaled solutions to our closest corporate relationships around the world. This investment marks our third transaction with Vonovia and underscores Apollo’s role as an ongoing trusted partner to some of the largest global corporations.”
Since 2020, under its High Grade Capital Solutions strategy Apollo has originated nearly
Latham & Watkins LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP are serving as legal counsel to Apollo, while Apollo Capital Solution is providing structuring and syndication services in connection with the transaction. Deutsche Bank is acting as exclusive financial advisor to Vonovia, and Freshfields Bruckhaus Deringer is serving as legal counsel to Vonovia.
About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2024, Apollo had approximately
Apollo Contacts
Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com
Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com
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